(Richmond, VA) – Some local residents could see a new name on their utility bills if a major merger goes through.  NextEra Energy is seeking to acquire Richmond-based Dominion Energy for roughly $67 billion. Dominion provides electrical services to 3.6 million homes and businesses across Virginia, North Carolina, and South Carolina.  Nearly half a million customers in South Carolina are also provided with natural gas services.

According to the Associated Press if the merger goes through NextEra Energy would serve approximately 10 million utilities customers in Florida, Virginia, and the Carolinas.

NextEra CEO John Ketchum will serve as chairman and CEO of the combined company…

“We are bringing NextEra Energy and Dominion Energy together because scale matters more than ever— not for the sake of size, but because scale translates into capital and operating efficiencies. It enables us to buy, build, finance and operate more efficiently, which translates into more affordable electricity for our customers in the long run,” Ketchum said in a statement.

Boards of both companies have approved the merger but will require approval shareholders as well as approval from the Nuclear Regulatory Commission but could be closed in 12-18 months.